Acumatica
Acumatica, Inc. provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Bellevue, Washington, in the Seattle metropolitan area.
Acumatica has partnerships with BDO USA and Shopify.
History
The Acumatica ERP product was introduced in 2008 followed a year later by on-premises and SaaS versions.
In 2014, former Microsoft Vice President Jon Roskill became CEO and the xRP cloud platform launched. In 2022, the organization named John Case, a former corporate vice president at Microsoft, as its new CEO.
Private-equity fund EQT AB purchased Acumatica in 2019 and a London office opened in 2021.
Acumatica appointed two ERP industry veterans, Zach Nelson and Nancy Harris, to its Board of Directors in 2024. They joined a group of board members that included John Case, Kim Clarke, Kathy Crusco, Robert Maclean, Tyler Parker and Jonas Persson.
Technology
Acumatica's ERP is built with its proprietary web-based xRP platform and can be licensed on-premises / in the cloud, or provided on a SaaS basis.
The SaaS product runs on Amazon Web Services, Azure and SQL Azure. Licensed software runs on Microsoft Windows Server / SQL Server and applications run as .NET managed code.
Acquisitions
In 2020, Acumatica acquired JAAS Advanced Manufacturing Software from JAAS Systems.
In 2022, Acumatica acquired IBS Imperium, a property management application.
Funding
In 2011, Acumatica received an unquantified investment from Visma. In 2014, Acumatica raised over $13 million in funding, led by MYOB In 2018, the company raised $25 million in Series C funding, led by Accel-KKR.